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462 | Top 5 Reasons You Have NOT Become A Successful Property Investor Yet!

The Property Couch

Wed Sep 27 2023



Busy season:

  • Busy season is the best time to start taking action
  • People who are busy find a way to make things happen
  • The idea that there will be a time when you're not busy is a fallacy
  • Micro level of time refers to not having enough time in the day, but people can allocate their time differently
  • When then fallacy is flawed logic because it delays taking action

Value of money:

  • Paying money for advice or help is good because it shows commitment and motivation
  • It helps lower the barrier for action and provides accountability
  • The cost of getting advice or help may seem high, but it's actually an investment in your future
  • Money is valuable because it allows you to achieve your goals and make progress towards financial freedom

Changing identity:

  • Taking on a new identity and new priorities is necessary for success
  • Changing to change is important, as staying the same won't lead to progress
  • Pain of change must be greater than pain of staying the same to motivate action

Authority and responsibility:

  • Deferring power to others is often just in our minds, not reality
  • Isolate and collapse the foil by identifying who has authority over us and questioning why we defer power to them
  • Focus on personal responsibility rather than blaming others for our lack of action

Avoidance of decision making:

  • The importance of having uniformity and alignment in goals and beliefs to increase the likelihood of success
  • The need to challenge oneself and take action to have a more meaningful life
  • The significance of having support discussions rather than permission discussions with significant others
  • The potential for resentment to build if decisions are deferred or not communicated effectively

Taking action:

  • The misconception that more time is needed when what is actually required is more information
  • The value of being directionally correct rather than aiming for perfection in decision-making
  • Overcoming the fear of short-term discomfort by focusing on long-term achievement
  • Embracing accountability as the primary factor for success, rather than knowledge alone

Parenting hack time in the dark with tweens:

  • Spending quality time with tweens by turning off lights and lying down together before bedtime to encourage open conversation

Property news investor sentiment survey results:

  • 56% believe now is a good time to invest, while 24% disagree and 20% are unsure
  • 94% prefer investing in established properties over vacant land or brand new/off-the-plan properties

Victoria rental and affordability crisis inquiry:

  • Efforts made to ensure representation from property investors at public hearings addressing rental issues
  • Focus on providing feedback regarding why Victoria's property market is failing investors